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Moonwell
Moonwell is a decentralized finance (DeFi) protocol for lending and borrowing digital assets. It allows users to earn interest on their holdings or take out loans against them. The platform operates on multiple blockchain networks and emphasizes security and community governance.
Distributed
Description
Moonwell is a decentralized lending and borrowing protocol that allows users to put their digital assets to work. Users can lend their assets to earn interest or borrow against them without monthly payments or additional fees. The platform supports receiving fiat payments that are automatically converted to USDC, which can be deposited into a Moonwell Virtual Account to grow savings. Moonwell also introduces the Moonwell Card, a digital and physical card for using digital assets in the real world, compatible with Apple Pay and Google Pay. The platform operates on multiple networks, including Base, Moonbeam, OP Mainnet, and Moonriver, and supports a wide variety of digital assets. Security is a priority, with smart contracts audited by Halborn Security and a bug bounty program powered by Code4rena. The protocol is governed by its community through distributed decision-making.Grant Funding
VC Funding
OP
2022
$388K
$10M